Silver prices soared to $82.7 per ounce, surpassing Nvidia's market capitalization at one point and becoming the second-largest asset globally. Analysts attribute this rise to ongoing supply and demand imbalances, with annual demand reaching 1.2 billion ounces and supply around 1 billion ounces. Silver is both a safe-haven currency and a key industrial metal for electronics, solar energy, and artificial intelligence hardware, and its dual role has driven prices higher, with current target prices forecasted at $100 per ounce. Cryptocurrency analysts also see similarities, believing that Bitcoin is forming a long-term "cup and handle" pattern similar to the one before silver's previous surge.